Catalonia Waits With Bated Breath As Independence Decision Looms

10 October, 2017, 00:39 | Author: Kim Reid

"They were putting it in Spanish banks".

However, in remarks to broadcaster Onda Vasca, another PdeCat politician, Ramon Tremosa, said Puigdemont would issue a declaration of independence but suspend it during a time while the regional government tries to find global backing for its push if Madrid does not allow a legal referendum, following the precedent of Slovenia in the 90s.

The worst political crisis to hit Spain in decades continued to rage Monday, but there were glimmers of hope, after a weekend of mass protests calling for unity within the country and hints that Catalan separatists will stop short of pushing the situation to the brink.

Tens of thousands of people took to the streets of Catalonia's capital Barcelona on October 8 to express their opposition to any declaration of independence from Spain. "We have to talk about this", he said.

"We reach out for dialogue but we'll support the response of the rule of law in the face of any attempt to break social harmony".

If it became independent, Catalonia would automatically be excluded from the european Union, it could join only after a new accession process.

A week on from a referendum on independence which the government did its utmost to thwart, more signs were emerging that the fraught situation was also taking its toll on the business climate of Spain's wealthiest region.

Joanna Cherry, who along with Chapman and a number of others was in Barcelona for the referendum as part of a 35-nation cross-party delegation, also spoke in favour of the resolution, saying: "What I witnessed was a quiet and dignified determination to vote in the face of considerable interference".

"The declaration of independence, that we don't call a "unilateral" declaration of independence, is foreseen in the referendum law as an application of the results". It is sad that a state that claims to have democratic principles uses oppressive power to prevent the citizens of Catalonia to express their opinions in an organized and peaceful manner.

Spain's Prime Minister Mariano Rajoy could suspend the existing autonomous status that Catalonia enjoys under the country's system of regional governments.

She said Catalonia, which borders France, already has "considerable autonomy".

Catalans speak up against a split: Social media was once again full of images of protests in the Catalan capital of Barcelona, but this time from those who don't want to see a breakaway region.

On Friday the Madrid government passed an emergency declaration that allows companies to move their headquarters without a formal vote of shareholders.

The gap between Spain and Germany's 10-year bond yield shrank to around 118 basis points - having stretched out to 136 bps last week at the height of worries about a conflict between Catalonia and the central government in Madrid. It is home to 7.5 million people and accounts for about a fifth of Spain's economy.

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